Quote Originally Posted by TheUnderwritingProdigy View Post
Asking a merchant, "What are you using this capital for?" is an absolute joke. I ask it anyway just out of habit, but you never really know or can confirm that the merchant is using those funds for that purpose after the wire has been sent. You know how many times I've gotten the answer "business purposes" or "working capital"? If you think these merchants are telling the truth than you're playing yourself.
From my broker point of view asking the use of funds early in the sale process is really important. gives leverage later on!